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REGISTERED NUMBER: 10618935 (England and Wales)











Financial Statements

for the Year Ended 30 June 2023

for

GOLDCREST INS LTD

GOLDCREST INS LTD (REGISTERED NUMBER: 10618935)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GOLDCREST INS LTD

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr M J Herbert





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 10618935 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

GOLDCREST INS LTD (REGISTERED NUMBER: 10618935)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,451 21,551

CURRENT ASSETS
Debtors 5 191,448 38,439
Cash at bank 207,834 341,145
399,282 379,584
CREDITORS
Amounts falling due within one year 6 124,215 109,648
NET CURRENT ASSETS 275,067 269,936
TOTAL ASSETS LESS CURRENT
LIABILITIES

296,518

291,487

PROVISIONS FOR LIABILITIES 7 5,363 6,432
NET ASSETS 291,155 285,055

CAPITAL AND RESERVES
Called up share capital 17,000 17,000
Retained earnings 274,155 268,055
SHAREHOLDERS' FUNDS 291,155 285,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2024 and were signed by:



Mr M J Herbert - Director


GOLDCREST INS LTD (REGISTERED NUMBER: 10618935)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Goldcrest Ins Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

GOLDCREST INS LTD (REGISTERED NUMBER: 10618935)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1 July 2022 29,737
Additions 6,847
At 30 June 2023 36,584
DEPRECIATION
At 1 July 2022 8,186
Charge for year 6,947
At 30 June 2023 15,133
NET BOOK VALUE
At 30 June 2023 21,451
At 30 June 2022 21,551

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 4,838 2,905
Amounts owed by group undertakings 136,252 12,540
Other debtors 46,298 -
Directors' current accounts - 22,994
Prepayments and accrued income 4,060 -
191,448 38,439

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 468 8,365
Tax 120,496 85,937
Social security and other taxes (436 ) 3,938
Pension payable 1,088 -
Directors' current accounts 1 -
Accruals and deferred income 2,598 11,408
124,215 109,648

7. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 5,363 6,432

GOLDCREST INS LTD (REGISTERED NUMBER: 10618935)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2022 6,432
Provided during year (1,069 )
Balance at 30 June 2023 5,363

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £146,501 (2022: £12,540) by Construction Invest Ltd. They are related parties by virtue of the fact that they are under common control.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M J Herbert.